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Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor market transitions and associated wage changes. Accordingly, job-to-job transitions are central in explaining the wage distribution. This paper uses the IAB employment...
Persistent link: https://www.econbiz.de/10012727242
This paper combines two strains of the literature on the employment effects of deferred compensation. The first strain separates seniority and job matching wage effects on the basis of individual data, but can not look at employment consequences. The second strain explains the employment...
Persistent link: https://www.econbiz.de/10014216012
considered an adequate policy to reduce unemployment. From the perspective of economic theory, the outcome is in general …
Persistent link: https://www.econbiz.de/10014064001
; equilibrium unemployment ; inflation target ; Phillips curve ; Lucas critique ; Germany …
Persistent link: https://www.econbiz.de/10009746167
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012614112
economic outcomes. The question is whether higher transparency comes at some cost, i.e. higher unemployment or higher … unemployment variability. Firstly, the article shows in a theoretical model that opaqueness regarding the central bank …’s preferences does not necessarily lead to lower unemployment. Secondly, the paper analyses the main theoretical results of other …
Persistent link: https://www.econbiz.de/10011705413
In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical … literature on the oil-unemployment relationship and relate them to the German case. Secondly, we illustrate this issue within the … 1973 to 2008, we show that oil price increases induce a rise in unemployment in the German labor market. Moreover, for a …
Persistent link: https://www.econbiz.de/10014208662
This paper analyses the effects of minimum wages on competition in the German roofing sector. The case is particularly interesting since this sector is faced with a uniform minimum wage despite significant regional disparities in productivity and wages. As a control industry we take the plumbing...
Persistent link: https://www.econbiz.de/10013096209
This paper empirically analyzes the relationship between firm-provided IT training and the firm's proportion of older workers. Using data from the ZEW ICT survey of the years 2004 and 2007, the results show that a firm's IT intensity plays a crucial role: firms intensively using information...
Persistent link: https://www.econbiz.de/10013071228
This paper investigates the evolution of wages and the recent tendency to rising wage inequality in Germany, based on the German Socio-Economic Panel (GSOEP) for 1984 to 2004. Between 1984 and 1994 the wage distribution was fairly stable. Wage inequality started to increase around 1994 in...
Persistent link: https://www.econbiz.de/10012727132